USOIL : Daily View. Potential Target $36

2016年7月23日

Crown patterns emerges very evidently. Conventional target $36 which is 0.618 fib retracement.
Any news can give breakout from the pattern and rally towards $54-$55

Be careful

Long term trade
Short Entry Price : 44.30 (Candle Close below)
SL : $ 46.65
TG1 : $43.01
TG2 : $38.85
TG3 : $36.03

Pls refer to all Resistance line (Maroon)

PS. Generally I dont believe in support and resistance theory. Those are heaven for brokers.

Happy Trading

2016年7月25日

交易开始

Short at $43.8
clean breakout ! surviving on R1 43.01

2016年7月26日

注释

Broke 43.01 Support.
Targeting 41.71

2016年7月27日

交易结束：到达目标

Target 1 reached
We also breached Important level 42.

2016年7月27日

注释

Taking Partial close. step by step.

2016年7月27日

交易结束：到达目标

We touched 41.74. That is 0.382 Fib.
Now we can see little bounce and consolidation.
though FOMC can change things.

2016年7月28日

注释

Very close to 41. wooohoo

2016年8月4日

注释

Breached 40 and made 39.29 Low.
After Data trying for upward correction.
I still have same view. Oil is bearish at least till 36.

2016年8月8日

注释

Made strong Upmove, Watching Trendline to break.

2016年8月8日

注释

We have Breakout at 43.30
Possible scenario

2016年8月12日

注释

Made very Impulsive candle. might test resistance of previous penant 44.5

2016年8月12日

交易手动结束

We broke out 44.5 very clear.
we have done the down cycle
first target 46.5 and then towards 51-52 channel top.
All dips are buy for now.
I will end this chart here.
This New bull deserves new chart.
Thanks folks for all likes and support.